Wage Drop Has Been Worst In Decades

Discussion in 'Economy' started by Bones, Jan 11, 2011.

  1. Bones
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    Bones VIP Member

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    Downturn's Ugly Trademark: Steep, Lasting Drop in Wages - WSJ.com

     
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  2. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    As planned..
     
  3. Oddball
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    Oddball BANNED Supporting Member

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    [​IMG]
     
  4. Bones
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    Bones VIP Member

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    This is straight out of the wall street journal, moron. Hardly tinfoil.
     
  5. Trajan
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    Trajan conscientia mille testes

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    its an employers market.
     
  6. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Very much so..
     
  7. Oddball
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    Oddball BANNED Supporting Member

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    Who said "as planned", dickweed?
     
  8. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Oh that was addressed to me?

    I'll raise you a tin foil hat and put in:

    [ame]http://www.youtube.com/watch?v=gP-AbRTYNhI[/ame]
     
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  9. loosecannon
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    loosecannon Senior Member

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    well sort of. The whole purpose of globalization was to raise wages in developing nations while reducing wages and esp costly benefits and entitlements in developed nations.

    It's called labor commodification, and it shifts all the power away from labor and toward capital.

    Why anybody is the slightest bit surprised by our declining living standards is a mystery. And this is a permanent trend btw, not a blip.

    With the developing nations earning their share of the world's wealth the US is not gonna be able to suck up 25% of the world's resources.

    The days of Americans being in a class unto themselves is over.
     
  10. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Yep.

    George Lucas just got in big time trouble for it..and I hope this happens more often..

     

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